North of 60 Mining News - The mining newspaper for Alaska and Canada's North

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By Shane Lasley
Mining News 

B2Gold makes C$1.1B offer for Sabina

B2Gold offers 45% share premium to gain ownership of Sabina North of 60 Mining News - February 13, 2023


Last updated 3/2/2023 at 6:17pm

A large plane lands during the winter at a gold exploration camp in Nunavut.

Sabina Gold & Silver Corp.

A Hercules 737 delivers supplies to the Goose camp during the 2013 exploration program at Back River. Today, equipment and supplies are delivered by ship via a port owned by Sabina.

Looking to add a high-quality, development-stage gold mine project in Canada to its portfolio, B2Gold Corp. has made a roughly C$1.1 billion (US$820 million) offer to buy out Sabina Gold & Silver Corp., owner of the Back River gold project in Nunavut.

Back River is a district-scale project that includes five claim blocks along an 80-kilometer (50 miles) belt in the Kitikmeot region of weste...

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